Markets Trade in Green

The Global Markets gives out positive clues this morning. U.S. stocks rallied, sending the Standard & Poor’s 500 Index to the biggest advance in three months, amid improving global economic data and on investor speculation of a larger European financial rescue. European stocks jumped by the most in three months, rebounding from an eight-week low, amid speculation European Central Bank policy makers may step up measures to contain the region’s sovereign debt crisis. This morning Asian stocks rose, with a regional benchmark index climbing the most in almost two weeks, after U.S. economic reports and speculation that Europe’s debt crisis will be contained boosted confidence in a global recovery. In commodities, Oil traded near the highest in almost three weeks after greater-than-forecast growth in U.S. private employment bolstered optimism fuel demand will increase in the world’s biggest crude-consuming nation. Gold gained for a fourth day, trading near the highest level in almost three weeks, on lingering military tensions on the Korean peninsula and concern that Europe’s debt crisis may escalate. Copper advanced from London to Shanghai after manufacturing in China, the U.S. and Europe expanded, adding to signs of a revival in demand. Zinc, lead and tin also climbed. Indian markets pare some gains on back of profit booking in auto stocks. The indices that support the market are the Realty, Consumer Durables and IT indices trading in green gaining more than one percentage points. Market breadth is positive with 1,917 advances against 687 declines. The Sensex trades in green at 19,985.11 gaining 135.11 points or 0.68 percentage points. Nifty trades at 6001.95 gaining by 41.05 points or 0.69 percentage points.